The Minneapolis Community And Technical College Foundation Inc

Organization Overview

The Minneapolis Community And Technical College Foundation Inc, operating under the name Minneapolis College Foundation, is located in Minneapolis, MN. The organization was established in 1977. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Minneapolis College Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Minneapolis College Foundation has awarded 20 individual grants totaling $2,885,454. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE FOUNDATION HELPS SOLVE ISSUES OF AFFORDABILITY AND ACCESS TO HIGHER EDUCATION THROUGH SCHOLARSHIPS AND INITIATIVES THAT SUPPORT STUDENTS, ENHANCE THE READINESS OF OUR WORKFORCE AND SUPPORT THE STRATEGIC PRIORITIES OF THE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION DOES NOT ADMINISTER ANY PROGRAMS. HOWEVER, IT RAISES FUNDS AND PROVIDES PART OR ALL OF THE FUNDING TO THE COLLEGE TO DEVELOP AND ADMINISTER SPECIFIC PROGRAMS, INITIATIVES AND SCHOLARSHIPS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,862,035
Noncash contributions included in lines 1a–1f $182,232
Total Revenue from Contributions, Gifts, Grants & Similar$1,862,035
Total Program Service Revenue$0
Investment income $200,650
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $268,308
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,330,993

Grants Awarded

Over the last fiscal year, The Minneapolis Community And Technical College Foundation Inc has awarded $335,000 in support to 2 organizations.

Grant RecipientAmount

MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE

PURPOSE: FINANCIAL AID

$181,063

MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE

PURPOSE: PROGRAM EQUIPMENT

$153,937
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that The Minneapolis Community And Technical College Foundation Inc has recieved totaling $228,997.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$134,300
Thrivent Charitable Impact & Investing

Appleton, WI

PURPOSE: BRIAN K. LINDELL SCHOLARSHIP FUND

$50,000
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: EDUCATION GRANT

$15,000
Minneapolis Foundation

Minneapolis, MN

PURPOSE: DONOR-RECOMMENDED, EDUCATION

$11,500
Pentair Foundation

Golden Valley, MN

PURPOSE: MATCHING GIFT

$10,000
Headwaters Foundation For Justice

Minneapolis, MN

PURPOSE: PROJECT SUPPORT

$8,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,282,766
Earnings-$403,978
Net Contributions$238,254
Other Expense$148,589
Ending Balance$3,968,453

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